National Grid added to Analyst Focus List at JPMorgan

JPMorgan added National Grid to the firm’s Analyst Focus List and keeps an Overweight rating on the shares with a GBp 1,200 price target. The firm sees National Grid as well positioned to benefit from “value-accretive” networks growth at an attractive valuation, and says questions around the balance sheet have been answered after a GBP 7B equity raise. The analyst sees the stock’s valuation as attractive with 35% potential upside to the price target.